1120N: Corporation return with Schedules A, I, II (2025)
Nebraska · Nebraska DOR · Used for tax years 2025
Form 1120N is the 2025 Nebraska Corporation Income Tax Return. It reports federal and Nebraska taxable income, credits, payments, and any tax due or overpayment. Schedule A reports adjustments to federal taxable income, and Schedule I calculates income apportioned to Nebraska for
What you'll need
Prepare the corporation’s federal and Nebraska ID numbers, business details, income figures, and tax payment information. Depending on your entries, the form calls for these documents:
- Paper returns: A copy of the federal return and supporting schedules, as filed with the IRS.
- Affiliated corporations: Federal Form 851 or a schedule of affiliated corporations and federal IDs if you answer Yes to the 50% ownership question.
- Filing method: Supporting documentation for a separate report by a controlled-group member, or Nebraska Department of Revenue approval for an alternate method.
- Income adjustments: Schedule A for adjustments on lines 3 or 4. Attach carryover worksheets for Nebraska capital losses and net operating losses claimed on lines 7 and 9.
- Certain Schedule A deductions and adjustments: A supporting schedule for qualified U.S. government interest and affidavits for allocable, nonapportionable loss or income.
- Schedule II: Federal Form 1120, Schedule C, or Federal Form 1120-L, Schedule A, plus a schedule separating foreign and domestic dividends.
- Credits, as applicable: A premium tax credit schedule, Form CDN, Form 3800N, Form PTC, and Schedules K-1N for the PTET credit. Attach an additional schedule if the PTET credit came from more than one partnership.
The form also asks for certificate numbers from Forms SR-3604, ETC-A, and CCTC-A when claiming the corresponding credits.
How to file
The form encourages all filers to e-file.
For mailing, the printed address for the return and payment is:
Nebraska Department of Revenue
PO Box 94818
Lincoln, NE 68509-4818
Remit payment electronically if required. Paper filers must attach the federal return and supporting schedules as filed with the IRS.
Complete page 2 and the applicable schedules. The return includes an officer’s signature, date, title, and contact information, plus a paid-preparer section if applicable.
The form lists revenue.nebraska.gov and these phone numbers: 800-742-7474 for Nebraska and Iowa, or 402-471-5729.
Common mistakes
- Leaving out page 2: Page 1 specifically says to complete page 2.
- Missing federal attachments on a paper return: Attach the federal return and supporting schedules as filed with the IRS.
- Selecting multiple income methods: Question D says to check only one method.
- Omitting Schedule A: You must use it if you make an adjustment on line 3 or 4 of Form 1120N.
- Missing Schedule II attachments: Attach the specified federal schedule and a schedule separating foreign and domestic dividends.
Questions people ask
When do I need Schedule A?
You must use Schedule A if you make an adjustment increasing or decreasing federal taxable income on line 3 or 4 of Form 1120N.
What is Schedule I used for?
Schedule I is for apportionment for multistate business. It calculates the Nebraska apportionment factor and taxable income apportioned to Nebraska, which goes on line 6 of Form 1120N.
Can I apply an overpayment to next year’s estimated tax?
Yes. Line 36 lets you apply part or all of the overpayment on line 35 to 2026 estimated income tax. Line 37 shows the remaining amount to be refunded.
Can I request direct deposit of my refund?
Yes. Complete lines 38a through 38c with the routing number, account type, and account number. Check line 38d if the refund will go to a bank account outside the United States.